8x8, Inc. (NASDAQ:EGHT) Shareholder Notice: Investigation over Potential Breaches of Fiduciary Duties

An investigation on behalf of investors in 8x8, Inc. (NASDAQ:EGHT) shares over potential wrongdoing at 8x8, Inc. was announced and NASDAQ:EGHT stockholders should contact the Shareholders Foundation.

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San Diego, CA -- (SBWire) -- 07/15/2015 --An investigation on behalf of current long-term investors in shares of 8x8, Inc. (NASDAQ:EGHT) shares was announced over potential breaches of fiduciary duties by certain officers and directors at 8x8, Inc.

Investors who purchased shares of 8x8, Inc. (NASDAQ:EGHT) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain 8x8, Inc. officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

On May 21, 2014, 8x8, Inc. announced its financial results for its fourth quarter and full year fiscal 2014. 8x8, Inc. reported that its Total Revenue rose from $103.79 million for the 12 months period that ended on March 31, 2013 to $128.60 million for the 12 months period that ended on March 31, 2014 while its Net Income for those respective time periods declined from $13.94 million to $2.51 million.

Shares of 8x8, Inc. (NASDAQ:EGHT) declined from $11.95 per share in October 2013 to as low as $5.80 per share in October 2014.

On May 20, 2015, 8x8, Inc. announced its fiscal 2015 fourth quarter and full year results.

8x8, Inc. reported that its Total Revenue increased from $128.60 million for the 12 months period that ended on March 31, 2014 to $162.41 million for the 12 months period that ended on March 31, 2015 while its respective Net Income declined from $2.51 million to $1.93 million.

Shares of 8x8, Inc. (NASDAQ:EGHT) increased from $5.80 per share in October 2014 to as high as $9.49 per share in June 2015.

On July 13, 2015, NASDAQ:EGHT shares closed at $8.74 per share.

Those who purchased shares of 8x8, Inc. (NASDAQ:EGHT), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

Media Relations Contact

Michael Daniels
General Manager
Shareholders Foundation, Inc.
858-779-1554
http://www.ShareholdersFoundation.com

View this press release online at: http://rwire.com/610363